Agency
A NH listing agent who receives a very low offer on a property should:
AReject it without consulting the seller
BPresent it promptly to the seller and let the seller decide how to respond✓ Correct
CTell the buyer's agent it is too low and ask them to write a higher offer
DOnly present it if accompanied by earnest money
Explanation
An agent must present all offers to the seller promptly, regardless of price. The seller has the right to accept, reject, or counteroffer.
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Key Terms to Know
Fiduciary Duty
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Math Concepts
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